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Affordable Care Act

Obamacare insurers see better financial performance in 2017, ‘no sign of market collapse’

01/10/2018

Dan Mangan – cnbc.com

Obamacare isn’t failing. Again.

 

A new analysis of the financial performance of Obamacare health insurers finds “no sign of a market collapse.”

That report instead finds that the Obamacare market has continued “stabilizing,” and that insurers are “regaining profitability” despite continued political uncertainty over the health-care law.

It also found that the pool of Obamacare customers, while less healthy as a group than before the law took effect, showed no signs of becoming sicker in the latter part of 2017.

“Data suggest that insurers in this market are on track to reach pre-[Affordable Care Act] individual market performance levels,” said the report, prepared by analysts from the Kaiser Family Foundation.

The report, comes on the heels of surprisingly strong enrollment on the federal Obamacare marketplace during the recently concluded open sign-up season.

The Trump administration, which opposes Obamacare, had taken a series of steps that experts believed would markedly depress the number of sign-ups for individual health plans this year.

President Donald Trump also has repeatedly said that Obamacare is “failing,” and needs to be substantially replaced with new health-care legislation.

 

Read the full article – cnbc.com


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